Ethereum (ETH) After Price Analysis: Could This Be the End of the Market’s Downfall? First appeared on Coinpedia – Fintech & Cryptocurrency News Media. crypto guide
Ethereum price is trading strongly above $1000 despite bitcoin struggling to regain the $20,000 level. The current bounce from the low just above $1000, a couple of times indicates that there is a potential for a significant increase in the price of ETH. However, the upper target may not be too far off, as the possibilities of creating Hopium also unfold.
Several external factors have had a negative impact on the crypto markets, including LUNA-UST, Celsius and potentially Tether in the coming days. However, after facing tremendous selling pressure near the $3,000 level, ETH price is leaving no stone unturned to maintain the $1000 level.
However, this descending trend is expected to end very soon as the asset has completed its ‘AB-CD’ pattern and could ignite a strong price reversal.
Ongoing….